Eurcadanalysis
EURCAD - Potential short !!Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. My point of interest is imbalance filled and rejection from bearish OB + level 1.49000.
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EURCAD I am Long. Momentum simply turning & Chase highs.
EURCAD I went long about a couple hours ago as it turned. It's now on the 200EMA Daily which is a good sign.
Momentum was simply fading on the downside and buying increased.
This trade I will take for about 1 week and chasing the highs on this chart.
EURCAD - LONG - BUYLooking to buy after the break above 1.48270 on the 1HR TF, and will consider partial buying. Buying strategy involves waiting for the break above 1.48200 and retest of the lows.
Observed rejection off the liquidity zone.
Buying only after the break below the HMA and the retest of the liquidity zone.
The break abovethe HMA has already happened.
**This is solely my trading strategy and not financial advice.**
**Please trade with proper risk management.**
EURCAD Range Buy Opportunity!EUR/CAD is currently at a key support level within a consolidation range. The pair has been bouncing between support and resistance, offering multiple trade opportunities. With price holding steady at the lower boundary, this could be a great chance to buy, targeting the top of the range. Keep a stop-loss just below support to limit risk in case of a breakout.
EURCAD is in a Bullish PatternHello Traders
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EurCad could rise 200+ pipsSince late August 2022, EUR/CAD has been in a bullish trend, gaining approximately 1,000 pips. However, after reaching a local high in early August 2024, the pair began trading within a range, encountering clear resistance around the 1.5150–1.5200 zone.
Last Thursday, the pair rebounded from range support, forming a strong bullish engulfing candle on the daily chart, which suggests a promising outlook for continued upward movement. I am looking to buy on dips in EUR/CAD with a target around 1.5200, while the trade setup will be negated if the price falls below last week’s low.
A confirmed bullish signal would be a daily close above 1.5000.
EURCAD SELL TF D1 TP = 1.4616On the D1 chart the trend started on Aug. 22. (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 1.4616
This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.”
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
The EUR/CAD 1-hour chart shows a clear bullish trend The EUR/CAD 1-hour chart shows a clear bullish trend within an upward-sloping channel, with prices bouncing off support near the 1.4900 level. The pair recently broke above the channel's midline and is heading towards the upper boundary around 1.5100. This suggests the potential for further upside in the near term, with the current price action maintaining support at higher lows.
Key points to watch:
- Support: 1.4900 (bottom of the channel).
- Resistance: 1.5100 (top of the channel).
- A breakout above the upper boundary could signal strong bullish momentum, while a rejection could lead to a retracement back to the midline or lower channel support.
This setup offers a potential trading opportunity depending on confirmation of the next move. Monitor price action and volume to confirm the breakout or reversal.
The EUR/CAD Daily Chart shows trading within a rising channelThe EUR/CAD Daily Chart shows trading within a rising channel structure since early 2023, with the price respecting the upper and lower boundaries of this trend. Currently, the price is bouncing from a key support zone near 1.49, which aligns with the lower boundary of the rising channel.
- Key resistance is around the 1.512 area, where the price has repeatedly faced selling pressure.
- A breakout above this resistance could push EUR/CAD towards the channel's upper limit near 1.53.
- However, if bearish momentum continues, the price may retest the lower channel support around 1.48-1.475.
This technical setup suggests a balanced risk-to-reward ratio, with traders awaiting either a breakout or a rejection at key levels. It's a good time to monitor this pair for potential directional confirmation.
EURCAD is in a Bullish PatternHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
#EURCAD 1DAY#EURCAD 1-Day Forecast Sell based on a Channel Pattern
On the daily chart for #EURCAD, the price is moving within a clearly defined **descending or horizontal channel**, signaling a potential **sell opportunity**. The price has been respecting both support and resistance levels, forming a continuous trend inside the channel, with a bearish bias dominating the market.
Key Insights:
1. Channel Pattern:
- The price is fluctuating within a descending or sideways channel, where it repeatedly bounces between resistance and support levels.
- The upper resistance line of the channel is holding firm, acting as a ceiling for the price, while the lower support line limits declines.
2. Sell Scenario:
- With the price near the upper resistance of the channel, this is an ideal point for a sell entry, expecting the price to reverse and move toward the lower support.
- Confirmation for selling can come from bearish price action (e.g., bearish candlesticks or rejection at resistance), indicating that sellers are regaining control.
3. Trend Continuation:
- The overall market bias is bearish, as evidenced by the lower highs and lower lows within the channel. As long as the channel holds, the price is likely to continue this pattern, making selling on rallies an optimal strategy.
4. Volume Confirmation: Monitor volume for confirmation. A rise in selling volume as the price nears resistance would strengthen the bearish outlook, while low volume near the support could suggest a lack of momentum for further declines.
5. Stop-Loss Considerations:
- For a sell position, place a stop-loss slightly above the resistance level of the channel, as a breakout above resistance would invalidate the sell setup and suggest a potential reversal to the upside.
Trading Strategy:
Entry: Enter sell positions near the upper resistance level of the channel, anticipating the price to move downward toward the lower support.
Take Profit: Set take-profit targets near the lower support zone of the channel, where the price may bounce or consolidate.
Stop Loss: Place a stop loss above the channel's resistance line to manage risk in case of an unexpected breakout.
This analysis indicates that #EURCAD is currently in a **sell position** on the 1-day timeframe, especially as it nears the resistance of the descending or horizontal channel. Traders should aim for downward movement while managing risk carefully with proper stop-loss levels.
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EURCAD Technical Analysis and Trade Idea👀 👉 EURCAD is showing a bullish trend on the higher time frames, and I'm watching for a potential buy setup, depending on specific conditions discussed in the video. In the video, we break down the essential price action signals to monitor and how to capitalize on the next opportunity. Disclaimer: This analysis is for informational purposes only and is not intended as financial advice. 📊✅
#EURCAD 1DAYThe EUR/CAD pair on the 1-day chart is approaching a key support level that could potentially signal two scenarios depending on price action. Here's a description for both scenarios:
Bullish Scenario (Buy Support Bounce):
Pattern & Support: The EUR/CAD pair has been trading within a range, and the price is nearing a strong support level that has been tested multiple times in the past. This level could serve as a potential bounce zone if buying pressure reemerges.
Forecast: If the price shows signs of rejection at this support (such as bullish candlestick patterns like a pin bar, engulfing pattern, or increased buying volume), it suggests a reversal and potential upside movement. Traders may look to enter long positions with the expectation of a bounce from this support level. A target could be set at recent resistance levels or Fibonacci retracement points.
Bearish Scenario (Sell Support Breakdown):
Pattern & Support: If the price fails to hold above the support level and breaks below it with strong momentum, this could signal a bearish continuation.
Forecast:A break and close below the support level, especially with increased selling volume, could trigger a downside move. In this case, traders might look for short opportunities, anticipating further declines. The next potential targets would be lower support zones or previous swing lows.
In either scenario, traders should monitor volume, momentum indicators (like RSI or MACD), and price action closely to confirm their trade direction.
Accumulation, Manipulation and DistributionPrior to overcoming the 4-hour rejection block, price formed a consolidation phase, indicative of accumulation. This was followed by a volatile bullish move that successfully mitigated the rejection block, entering a manipulation phase.
Subsequent price action led to a displacement, clearing the swing. Currently, we observe a bearish sentiment, anticipating a corrective hike to fill the imbalance and respect the fair value gap at 1.51200. The fair value gap shall be our entry with the demand zone at 1.50200 as the target from this expected distribution phase delivery…
EURCAD - Upside move !!Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I expect bullish continuation to fill the imbalance higher after price rejected from trendline + level 1.50000.
Like, comment and subscribe to be in touch with my content!
#EURCAD 1HEURCAD (Euro / Canadian Dollar)
Timeframe: 1-Hour (1H)
Pattern: Expanding Pattern
An expanding pattern, also known as a broadening formation, has been identified on the 1-hour chart of EURCAD. This pattern is characterized by higher highs and lower lows, indicating increased market volatility and indecision. The expanding pattern shows that both buyers and sellers are pushing the price in opposite directions, but with increasing momentum.
Typically, an expanding pattern suggests that a breakout in either direction may occur, but the broader outlook is leaning towards an upward breakout in this case.
Forecast: Buy
The current forecast indicates a buying opportunity, as the price is expected to rise from the lower end of the expanding pattern towards the upper resistance level. This suggests potential gains as bullish momentum builds.
Technical Outlook:
Support Level: The lower boundary of the expanding pattern, where buyers are expected to enter the market.
Resistance Level: The upper boundary, which could be a potential target for the price to reach.
Key Levels to Watch: A breakout above the recent highs would confirm the bullish outlook, signaling further upward momentum.
Look for confirmation through bullish candlestick patterns or volume increases near support to validate entry points.
Stay alert to economic data and oil-related news that might influence the EURCAD pair, as CAD often reacts to oil price changes, while the Euro is sensitive to broader market sentiment.